A local petrol dealer made an agreement to purchase petroleum from only one petroleum supplier. The petrol dealer was forced into the agreement because the petroleum supplier refused to do business with the dealer unless he agreed to source petroleum solely from that supplier. This is an example of

Question

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This scenario is an example of exclusive dealing, where the petroleum supplier has forced the petrol dealer to source petroleum exclusively from them. The supplier has used its power in the market to restrict the dealer's options and limit competition. This practice can be anti-competitive and may violate competition laws in some jurisdictions.

A Local Petrol Dealer Made an Agreement to Purchase Petroleum